Aeroflot May Pay 2026 Dividends if Profitable
Aeroflot's CEO said the company may recommend dividends for 2026 if it achieves a positive financial result, with the final decision resting with shareholders. The company paid dividends totaling over 21 billion rubles in 2025, equal to 100% of its adjusted net profit under IFRS.
Consensus
- Aeroflot may recommend dividends for 2026 year if the company achieves a positive financial result.
- The final decision on dividends rests with the company's shareholders.
- Aeroflot paid dividends totaling over 21 billion rubles for 2025.
- The 2025 dividend amounted to 5.29 rubles per share.
- The 2025 dividends were based on 100% of the adjusted net profit under IFRS.
- Aeroflot is Russia's largest airline group, including subsidiaries 'Pobeda' and 'Rossiya'.
- The Russian government owns 73.8% to 74% of Aeroflot's shares.
- Approximately 25% of Aeroflot's shares are in free circulation on the Moscow Exchange.
Points of divergence
- Aeroflot's dividend policy assumes payouts of 50% of annual adjusted net profit under IFRS, but is limited by profit under Russian Accounting Standards (RAS), including minor contributions to a reserve fund. — interfax
- For the first half of 2026, the group's adjusted profit under IFRS was 472 million rubles, down from 4.3 billion rubles the previous year; under RAS, the company ended the half-year with an adjusted loss of 1.5 billion rubles, compared to a profit of 15.8 billion rubles the previous year. — interfax
- Aeroflot's net profit under RAS for 2025 increased 5.6 times to 123.1 billion rubles, and under IFRS it was 105.505 billion rubles, a 91.8% increase from the previous year. — kommersant
- As of the end of 2025, Aeroflot's fleet consisted of 171 aircraft, and with subsidiaries, 357 aircraft in total. — vedomosti
Coverage (3 sources)
- Aeroflot allows dividends for 2026 at positive financial result — Интерфакс
- Aeroflot did not rule out paying dividends for 2026 — Коммерсантъ
- CEO of Aeroflot answered a question about dividends for 2026 — Ведомости